For a Ratification to Be Effective, the Principal

question 21

Multiple Choice

For a ratification to be effective, the principal:

• A) must have knowledge of all material facts concerning the transaction.
• B) must communicate her intent to ratify to the third party.
• C) must have been in existence when the act was done.
• D) M ust have knowledge of all material facts concerning the transaction and  must have been in existence when the act was done.

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Definitions:

Change

To make or become different; in computing, it often refers to modifying the content, settings, or properties of files, databases, or software.

OpenReport

A command or method in database applications used to open reports for viewing or printing.

Access Macro

A set of automated actions or a script in Microsoft Access designed to simplify repetitive or complex tasks within a database application.

Action

A general term for operations that can be performed by a user or program, often referring to interactive elements on a website or application.